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3831 W Seldon Lane Phoenix, AZ 85051

3 Beds 2 Baths 1,408 sqft Built 2002

$260,000

List Price

$1,210

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $184.66
  • 5 Days on Market
  • MLS # : 6162043
  • Updated Date : 11/20/2020 at 14:09
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,408 sqft
  • Baths : 2 full
Listing Agent

Equity Realty Group, Llc

Listing Agent's Description

3 BED/ 2 BATH/OPEN KITCHEN,INSIDE LARGE LAUNDRY ROOM WITH PLENTY OF STORAGE AREA.NICE COVERED BACK PATIO /GREAT BACKYARD. GREAT LOCATION NEAR FREEWAYS /SHOPPING CENTERS/SCHOOLS AND PARKS. BRING YOUR BUYERS !

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sunset Gardens

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $74k271k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Sunset Gardens

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7471567

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Manzanita Elementary School Primary Regular 797 41 4
Manzanita Elementary School Middle Regular 797 41 4
Cortez High School High Regular 1,127 55 4

Manzanita Elementary School

  • Education Level: Primary
  • # of students: 797
  • # of teachers: 41
4
GreatSchools Rating

Manzanita Elementary School

  • Education Level: Middle
  • # of students: 797
  • # of teachers: 41
4
GreatSchools Rating

Cortez High School

  • Education Level: High
  • # of students: 1,127
  • # of teachers: 55
4
GreatSchools Rating
 

$234,000$286,000$260,000

PURCHASE PRICE

$1,089$1,331$1,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,210
EXPENSES Loan Payment -$959
Property Tax -$155
Property Insurance -$55
Property Management Fees -$99
CASH FLOW
-$58

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$260,000

PROJECTED PRICE

$1,210

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,650

INVESTMENT

$74,650

Down Payment
$65,000
Rehab Estimate
$5,750
Closing Costs
$3,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$959

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $65,000
Loan Amount $195,000
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$13,780

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,210

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,225

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,100
1$1,1002$1,2003$1,2104$1,3505$1,495
$1,495
RENT COMPS ANALYSIS
  • 3831 W Seldon Lane Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,408 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,408 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,210
    • $0.86
    •  
  • 4840 W Manzanita Drive Glendale, AZ 1
    • 3 beds 3 baths ∙ 1,246 Sqft ∙ Built 1982 3 beds 3 baths ∙ 1,246 Sqft ∙ Built 1982
    LEASED 05/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.88
    •  
  • 8865 N 47th Lane Glendale, AZ 2
    • 3 beds 3 baths ∙ 1,332 Sqft ∙ Built 1983 3 beds 3 baths ∙ 1,332 Sqft ∙ Built 1983
    LEASED 07/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.90
    •  
  • 7734 N 30th Drive Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,639 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,639 Sqft ∙ Built 1987
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.82
    •  
  • 4834 W New World Drive Glendale, AZ 5
    • 3 beds 3 baths ∙ 1,708 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,708 Sqft ∙ Built 1999
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.88
    •  
PROPERTY LISTING DETAILS
Alma R Chavez
Equity Realty Group, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6162043
Last Updated: 11/20/2020
support@investimateroi.com

Indicates a property listed by a real estate brokerage other than HomeUnion/Investimate by Mynd. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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